The price of Granite Point Mortgage Trust Inc (NYSE: GPMT) closed at $4.51 in the last session, down -2.17% from day before closing price of $4.61. In other words, the price has decreased by -$0.1000 from its previous closing price. On the day, 614879 shares were traded.
Ratios:
We take a closer look at GPMT’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.15 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.76. In the meantime, Its Debt-to-Equity ratio is 2.27 whereas as Long-Term Debt/Eq ratio is at 1.12.
On December 06, 2023, UBS started tracking the stock assigning a Buy rating and target price of $6.50.
Keefe Bruyette Downgraded its Mkt Perform to Underperform on December 15, 2022, while the target price for the stock was maintained at $6.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Nov 16 ’23 when TAYLOR JOHN A bought 5,500 shares for $5.06 per share. The transaction valued at 27,830 led to the insider holds 275,013 shares of the business.
TAYLOR JOHN A bought 4,957 shares of GPMT for $24,981 on Nov 15 ’23. The President and CEO now owns 269,513 shares after completing the transaction at $5.04 per share. On Nov 14 ’23, another insider, TAYLOR JOHN A, who serves as the President and CEO of the company, bought 4,000 shares for $4.96 each. As a result, the insider paid 19,840 and bolstered with 264,556 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GPMT now has a Market Capitalization of 229.08M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.86 while its Price-to-Book (P/B) ratio in mrq is 0.27. Its current Enterprise Value per Revenue stands at 23.67 whereas that against EBITDA is 13.47.
Stock Price History:
Over the past 52 weeks, GPMT has reached a high of $6.41, while it has fallen to a 52-week low of $3.97. The 50-Day Moving Average of the stock is 5.0276, while the 200-Day Moving Average is calculated to be 5.2003.
Shares Statistics:
According to the various share statistics, GPMT traded on average about 424.54K shares per day over the past 3-months and 531.15k shares per day over the past 10 days. A total of 50.58M shares are outstanding, with a floating share count of 49.52M. Insiders hold about 2.50% of the company’s shares, while institutions hold 54.22% stake in the company. Shares short for GPMT as of Mar 15, 2024 were 547.36k with a Short Ratio of 1.29, compared to 659.59k on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.08% and a Short% of Float of 1.35%.
Dividends & Splits
The forward annual dividend rate for GPMT is 0.75, which was 0.80 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 17.35%, it implies a Forward Annual Dividend Yield of 12.32%. The stock’s 5-year Average Dividend Yield is 12.26.
Earnings Estimates
The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.02 for the current quarter, with a high estimate of $0.17 and a low estimate of -$0.19, while EPS last year was $0.2. The consensus estimate for the next quarter is -$0.24, with high estimates of -$0.06 and low estimates of -$0.46.
Analysts are recommending an EPS of between -$0.21 and -$0.95 for the fiscal current year, implying an average EPS of -$0.58. EPS for the following year is $0.25, with 3 analysts recommending between $0.62 and -$0.3.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $15.26M. It ranges from a high estimate of $18.6M to a low estimate of $11.98M. As of the current estimate, Granite Point Mortgage Trust Inc’s year-ago sales were $22.91M, an estimated decrease of -33.40% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $15.88M, a decrease of -27.30% over than the figure of -$33.40% in the same quarter last year. There is a high estimate of $18.6M for the next quarter, whereas the lowest estimate is $14.15M.
A total of 3 analysts have provided revenue estimates for GPMT’s current fiscal year. The highest revenue estimate was $76M, while the lowest revenue estimate was $56.9M, resulting in an average revenue estimate of $64.53M. In the same quarter a year ago, actual revenue was $82M, down -21.30% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $74.54M in the next fiscal year. The high estimate is $86.7M and the low estimate is $65.51M. The average revenue growth estimate for next year is up 15.50% from the average revenue estimate for this year.
